Arbor Lodging Partners, a Chicago-based hotel investment and management company, has acquired a 12-hotel portfolio, which includes the Hilton Garden Inn Pasadena/Arcadia and Springhill Suites Pasadena/Arcadia.
Both hotels are located in Arcadia but largely serve the Pasadena area.
The acquisition also includes Hampton Inn Irvine/Lake Forest, Hilton Garden Inn Irvine/Lake Forest, Hilton Garden Inn Bakersfield, Hilton Garden Inn Folsom, Hilton Garden Inn Roseville, Courtyard Inn Hartford/Farmington, Residence Inn Hartford/Rocky Hill, Homewood Suites Wallingford, Homewood Suites Somerset and Residence Inn Mount Olive hotels.
The acquisitions are a joint venture with GFH Financial Group B.S.C.
An Arbor Lodging Partners statement said with the acquisitions, its portfolio now expands to 37 full-service and select-service hotels consisting of nearly 5,000 rooms across 21 markets in 15 states, further establishing the company’s position as a leading national player in the hospitality industry.
Going forward, the hotels will be managed by Arbor Lodging Partners’ affiliate, Arbor Lodging Management.
“We are thrilled to have added 12 diverse and unique properties with industry-leading franchise affiliations to our portfolio in several key markets,” Vamsi Bonthala, CEO of Arbor Lodging Partners, said. “Consistent with our strategic investment plans, we are pleased to invest in high-performing hotel markets, while concurrently continuing our own growth as an influential hotel investment and management firm.”
Arbor Lodging Partners will begin renovations at each property, to include modern updates to all guestrooms, guest bathrooms, lobbies and common areas, as well as meeting spaces and food and beverage outlets.
“Each hotel is well-situated in its own community and has a long history of guest satisfaction,” Sheenal Patel, Arbor Lodging Management CEO, said. “We are excited to welcome many new associates to the Arbor Lodging family and will work closely with each property team to continue to drive success by improving operations where necessary and creating memorable and engaging experiences for guests.”
Through affiliates, Arbor Lodging’s portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels and Resorts, Courtyard by Marriott, Hilton Garden Inn, Residence Inn, Homewood Suites, and more.
For more information, visit www.arborlodging.com.